eurusd — Hi folks, current shape of eurusd looks like a TC directly off the 89MA. Got about 3 hours to go on my timeframe, but would this be a go if the current shape more or less holds? Some of the trendlines worry me, but maybe i drew them ...

4 Hour Strategy (MACD)

ok, so I went long on gbpusd too. that and usdjpy short are my trades right now...neither price moving atm.

4 Hour Strategy (MACD)

hello folks, What do you think of gbpusd at the moment? Sort of a RB/aggressive turnaround. R/R looks about similar at the moment, but I don't like the shape of the RB. Although given that the prices finally penetrated through the 89ma might mean ...

4 Hour Strategy (MACD)

I don't know...I hope it works out for you. We might be on different TF, but to me it doesn't look like a convincing enough RT. Since the overall trend is up, this is a countertrend trading which is on average more risky than trading w/the trend. If ...

4 Hour Strategy (MACD)

Thanks kappa, I'm still a newbie though I left eur/usd alone and instead went with gbpusd...don't think there's anything wrong with taking either or both. Both are doing pretty well right now

4 Hour Strategy (MACD)

Hello, I've been looking this one as well. Previous to this, there was a very nice RB with an engulfing bullish bar and Phillip said he's definitely taking it although it closed below 8 and 21MA. So this one might be good as well. Granted, the MACD ...

4 Hour Strategy (MACD)

woohoo —

4 Hour Strategy (MACD)

Thanks Phillip for your wrapups. Just entered on usdcad short due to a tc pattern found at 800 hours. Looked good to me...with the tail, the engulfing bearish bar, r:r didn't seem to bad, etc. Any comments or misgiving on this one? If this one goes ...

4 Hour Strategy (MACD)

Thanks kappa and alcastro for your help. Waiting seems the prudent choice.

4 Hour Strategy (MACD)

Regarding the above eurgbp, I'm not sure this is relevant but thought it was interesting nonetheless. Multiple recent bounces off the 365..I have no idea what this means if anything for the TC signal though.

4 Hour Strategy (MACD)

Thanks for your response haniam; will keep in mind. EURGBP ended last week with what looks like a TC. Price also recently moved through the 200MA. I don't see any opposing signals on the 1hr. Would this be a good long trade? If so, I assume the S/L ...

4 Hour Strategy (MACD)

A good way to wrap the week. Seriously, you could have been on ANY of the following: usdjpy (short) usdcad (short) usdchf (short) eurusd (long) gbpusd (long) audusd (long) and you would've made money since the signals were kind of similar for all of ...

4 Hour Strategy (MACD)

ok, so I got stopped out of usdjpy @ breakeven because I moved S/L to BE too quickly. I skipped on usd/cad short and instead went with eurusd long at 0800 hours @ 1.3616. Looks good so far. Took partial profit @ +20 pips, and hoping to hit 1.3650 or ...

4 Hour Strategy (MACD)

usdcad — After the retrace up (and then some) from my previous trade, usdcad is now showing a small RT/VT, combined with an engulfing bearish bar. According to Phillip's method, are we supposed to read this RT as a sort of bearish trend ...

4 Hour Strategy (MACD)

You're absolutely right doji star, I was SO keen on gbpusd even as late as an hour ago, but then it did a 180 and not only did the 1hr give a tc, but the 4hr didn't even form a rb after all. It also closed below 89ma which sent alarm bells. As for ...

4 Hour Strategy (MACD)

no deal on gbpusd for several reasons including what I thought for sure was going to be RB turned out not to be at the last minute. In on usdjpy short though @119.55, despite some misgivings. SL 24 pips, TP much more. god help me.

4 Hour Strategy (MACD)

While waiting on the usdjpy (previous bar didn't turn out to be a RT after all), this gbpusd jumped out at me. Nice RB, and price is sitting right on top of the 89MA. Previous 2-3 bars trying to penetrate it and couldn't, forming tails. What do you ...

4 Hour Strategy (MACD)

USDJPY — Thanks Josh re: usdcad the other day Currently keen on USDJPY and the possible RT forming...given the sudden previous upsurge it looks good for a retrace imo.

4 Hour Strategy (MACD)

USDCAD — I ended up entering long the USDCAD...bagged a few pips and letting the rest ride for now. There is confluence between the 21MA and the trendline I've drawn below so I'll probably take off the remaining profit if it gets there. Even ...

4 Hour Strategy (MACD)

Looks like USDCAD is in the process of forming a RB...too early to know for sure but that horizontal line is holding up as support so far. In the meantime, how about AUDUSD? Perhaps a TC upwards in the works..

4 Hour Strategy (MACD)